Active

563 Glenmore Avenue

Brooklyn, NY 11207
Mark as Favorite
Bed --

Bed

Bath 0

Bath

Acres0.03

Acre(Lot)

Live. Work. Earn. Repeat. This is the kind of opportunity that rarely hits the market—a high-income producing mixed-use property designed for both savvy investors and ambitious business owners ready to control their future. This fully electric building features two residential units plus a prime storefront, creating multiple income streams under one roof. The front unit offers a duplex layout with a finished basement, making it the perfect live/work setup—run your business downstairs while enjoying private living space above or below. The rear of the first floor includes a spacious one-bedroom, and the top floor delivers a high-demand four-bedroom unit. The numbers speak for themselves: $5,000/month (storefront potential) $4,000/month (4-bedroom unit) $2,800/month (1-bedroom unit) That ’s over $140,000/year in projected gross income—with extremely low expenses. Even better? The property is 100% electric, meaning tenants pay their own heat, hot water, and electricity, dramatically reducing landlord overhead and boosting your net returns. With property taxes at just ~$2,243/year (virtually unheard of for mixed-use in Brooklyn), plus minimal operating expenses, this asset delivers an estimated 9.7% cap rate at a $1.35M purchase price. There’s more—additional upside exists with a separate basement section ready to be monetized for storage or coin-operated laundry, adding even more cash flow. Now here’s where it gets exciting… This property may qualify for FHA financing for owner-occupants, meaning a qualified buyer can potentially purchase with as little as 3.5% down. If you’re a business owner, this is your chance to: ? Own your storefront instead of renting ? Live in the property ? Collect rental income from the other units to offset your mortgage It’s not just a purchase—it’s a wealth-building machine. Located in a rapidly growing Brooklyn corridor with strong foot traffic, accessibility, and ongoing development, this is a rare chance to secure a cash-flowing asset with built-in lifestyle flexibility. Whether you’re an investor chasing yield or an entrepreneur ready to own your space—this deal checks every box.

Read More Expand

Detail Ic Property Details

Property Type : Residential Income

Price : $1,350,000

AD Id : 77593957

MLS Id : 987131

Lot Size : 0.03 Acre

Year Built : 1935

County : Kings (Brooklyn)

  • Map Map

Map

Map What's Nearby

Map Nearby Areas

Feature Features

  • Room Information

    Basement: Finished
  • Heating & Cooling

    Has Heating: Yes Heating: Electric Has Cooling: Yes Cooling: Ductless, Wall/Window Unit(s)

  • Building Information

    Year Built: 1935 Building Area Total: 2400 Construction Materials: Brick Private Pool: No

  • Lot Information

    Lot Size Acres: 0.0344 Lot Size Square Feet: 1497

  • Listing Price Information

    Listing Price: $1350000

  • Tax Information

    Parcel Number: 03979-0036 Annual Tax: $2243

  • Parking Information

    No Garage, None

  • Utility Information

    Electricity Available, Electricity Connected
  • Location Information

    WaterSource: Public
Sell a home like this and save $80,501 Find out How

How much is this property worth?

Curious about this home's true market value? Use our free Home Evaluation Tool to instantly get a personalized Comparative Market Analysis (CMA) report. Make smarter, data-driven decisions before you buy.

Images
Loading, please wait...

Nearby Home Value

The data relating to real estate for sale on this website comes in part from the Internet Data exchange of OneKey MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Copyright © 2026 OneKey MLS. All Rights Reserved

ByOwner last updated this listing 06/13/2026 @ 21:17

MLS: 987131 LISTED BY: Carlos Gaviria, Instahomes Realty LLC 718-709-9009 SOURCE: OneKey MLS

Selling? Save $80,501 when you sell a home like this

Tour with a ByOwner Agent